°΅ΊΪ±¬ΑΟΝψ

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Inter-Group

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Group

​

Eliminations

​

Liberty

ΜύΜύΜύΜύ

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Assets

​

​

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

710

​

311

​

2,265

​

β€”

​

3,286

Μύ

Trade and other receivables, net

​

Μύ

650

​

43

​

148

​

β€”

​

841

Μύ

Other current assets

​

Μύ

789

​

45

​

209

​

β€”

​

1,043

Μύ

Total current assets

​

Μύ

2,149

​

399

​

2,622

​

β€”

​

5,170

Μύ

Intergroup interests (note 1)

​

​

399

​

β€”

​

189

​

(588)

​

β€”

​

Investments in affiliates, accounted for using the equity method (noteΜύ1)

​

Μύ

806

​

114

​

27

​

β€”

​

947

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

2,840

​

998

​

217

​

β€”

​

4,055

Μύ

Accumulated depreciation

​

Μύ

(1,722)

​

(240)

​

(92)

​

β€”

​

(2,054)

Μύ

​

​

Μύ

1,118

​

758

​

125

​

β€”

​

2,001

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

15,140

​

176

​

3,956

​

β€”

​

19,272

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

124

​

β€”

​

β€”

​

1,366

Μύ

​

​

Μύ

24,982

​

300

​

3,956

​

β€”

​

29,238

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,236

​

24

​

3,420

​

β€”

​

4,680

Μύ

Other assets

​

Μύ

946

​

68

​

1,514

​

(45)

​

2,483

Μύ

Total assets

​

$

31,636

​

1,663

​

11,853

​

(633)

​

44,519

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 3)

​

$

28

​

(23)

​

(5)

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,229

Μύ

58

​

225

​

β€”

​

1,512

​

Current portion of debt

​

​

1,669

​

156

​

759

​

β€”

​

2,584

​

Deferred revenue

​

Μύ

1,451

Μύ

166

​

526

​

β€”

​

2,143

​

Other current liabilities

​

Μύ

82

Μύ

4

​

37

​

β€”

​

123

​

Total current liabilities

​

Μύ

4,459

Μύ

361

​

1,542

​

β€”

​

6,362

​

Long-term debt (note 1)

​

Μύ

13,012

Μύ

519

​

2,936

​

β€”

​

16,467

​

Deferred income tax liabilities

​

Μύ

2,221

Μύ

54

​

β€”

​

(45)

​

2,230

​

Redeemable intergroup interests (note 1)

​

​

β€”

​

256

​

332

​

(588)

​

β€”

​

Other liabilities

​

Μύ

587

Μύ

183

​

162

​

β€”

​

932

​

Total liabilities

​

Μύ

20,279

Μύ

1,373

​

4,972

​

(633)

​

25,991

​

Redeemable noncontrolling interests in equity of subsidiary

​

​

β€”

​

β€”

​

575

​

β€”

​

575

​

Equity / Attributed net assets

​

Μύ

8,092

Μύ

290

​

6,281

​

β€”

​

14,663

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

3,265

Μύ

β€”

​

25

​

β€”

​

3,290

​

Total liabilities and equity

​

$

31,636

Μύ

1,663

​

11,853

​

(633)

​

44,519

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

344

Μύ

(13)

​

(35)

​

296

​

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

152

Μύ

18

​

90

​

260

​

Stock-based compensation

​

Μύ

49

Μύ

3

​

3

​

55

​

Share of (earnings) loss of affiliates, net

​

Μύ

18

Μύ

(4)

​

β€”

​

14

​

Unrealized (gains) losses on intergroup interests, net

​

​

(20)

​

(1)

​

21

​

β€”

​

Realized and unrealized (gains) losses on financial instruments, net

​

Μύ

(61)

Μύ

(5)

​

7

​

(59)

​

Deferred income tax expense (benefit)

​

Μύ

39

Μύ

(10)

​

26

​

55

​

Intergroup tax allocation

​

​

42

​

7

​

(49)

​

β€”

​

Other charges (credits), net

​

Μύ

(11)

Μύ

(20)

​

(2)

​

(33)

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

21

Μύ

23

​

(158)

​

(114)

​

Payables and other liabilities

​

Μύ

(238)

Μύ

83

​

232

​

77

​

Net cash provided (used) by operating activities

​

Μύ

335

Μύ

81

​

135

​

551

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(1)

Μύ

(5)

​

(3)

​

(9)

​

Cash proceeds from dispositions

​

​

50

​

47

​

β€”

​

97

​

Capital expended for property and equipment, including internal-use software and website development

​

Μύ

(97)

Μύ

(4)

​

(10)

​

(111)

​

Other investing activities, net

​

Μύ

(42)

Μύ

β€”

​

76

​

34

​

Net cash provided (used) by investing activities

​

Μύ

(90)

Μύ

38

​

63

​

11

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

1,740

Μύ

15

​

β€”

​

1,755

​

Repayments of debt

​

Μύ

(1,204)

Μύ

(37)

​

(1)

​

(1,242)

​

Liberty stock repurchases

​

​

(202)

​

β€”

​

(37)

​

(239)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(206)

Μύ

β€”

​

β€”

​

(206)

​

Cash dividends paid by subsidiary

​

​

(201)

​

β€”

​

β€”

​

(201)

​

Taxes paid in lieu of shares issued for stock-based compensation

​

Μύ

(61)

Μύ

β€”

​

26

​

(35)

​

Other financing activities, net

​

​

1

​

(4)

​

7

​

4

​

Net cash provided (used) by financing activities

​

Μύ

(133)

Μύ

(26)

​

(5)

​

(164)

​

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

​

​

β€”

​

β€”

​

(2)

​

(2)

​

Net increase (decrease) in cash, cash equivalents and restricted cash

​

Μύ

112

Μύ

93

​

191

​

396

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

606

Μύ

244

​

2,074

​

2,924

​

Cash, cash equivalents and restricted cash at end of period

​

$

718

Μύ

337

​

2,265

​

3,320

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

38

Μύ

(59)

​

7

​

(14)

​

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

149

Μύ

15

​

100

​

264

​

Stock-based compensation

​

Μύ

54

Μύ

3

​

6

​

63

​

Non-cash impairment and restructuring costs

​

​

245

​

β€”

​

β€”

​

245

​

Share of (earnings) loss of affiliates, net

​

Μύ

113

Μύ

(3)

​

(15)

​

95

​

Unrealized (gains) losses on intergroup interests, net

​

​

(10)

​

28

​

(18)

​

β€”

​

Realized and unrealized (gains) losses on financial instruments, net

​

Μύ

86

Μύ

(2)

​

(35)

​

49

​

Deferred income tax expense (benefit)

​

Μύ

(121)

Μύ

(7)

​

(15)

​

(143)

​

Intergroup tax allocation

​

​

1

​

(3)

​

2

​

β€”

​

Other charges (credits), net

​

Μύ

(3)

Μύ

β€”

​

2

​

(1)

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

58

Μύ

36

​

(102)

​

(8)

​

Payables and other liabilities

​

Μύ

(339)

Μύ

34

​

252

​

(53)

​

Net cash provided (used) by operating activities

​

Μύ

271

Μύ

42

​

184

​

497

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(5)

Μύ

β€”

​

(53)

​

(58)

​

Investment of subsidiary initial public offering proceeds into trust account

​

​

β€”

​

β€”

​

(575)

​

(575)

​

Capital expended for property and equipment, including internal-use software and website development

​

Μύ

(78)

Μύ

(10)

​

(3)

​

(91)

​

Other investing activities, net

​

Μύ

8

Μύ

β€”

​

β€”

​

8

​

Net cash provided (used) by investing activities

​

Μύ

(75)

Μύ

(10)

​

(631)

​

(716)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

1,083

Μύ

8

​

(1)

​

1,090

​

Repayments of debt

​

Μύ

(585)

Μύ

(6)

​

(2)

​

(593)

​

Liberty stock repurchases

​

​

(107)

​

β€”

​

β€”

​

(107)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(522)

Μύ

β€”

​

β€”

​

(522)

​

Cash dividends paid by subsidiary

​

​

(14)

​

β€”

​

β€”

​

(14)

​

Taxes paid in lieu of shares issued for stock-based compensation

​

Μύ

(21)

Μύ

β€”

​

(1)

​

(22)

​

Proceeds from initial public offering of subsidiary

​

​

β€”

​

β€”

​

575

​

575

​

Other financing activities, net

​

​

β€”

​

(1)

​

(23)

​

(24)

​

Net cash provided (used) by financing activities

​

Μύ

(166)

Μύ

1

​

548

​

383

​

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

​

​

β€”

​

β€”

​

(2)

​

(2)

​

Net increase (decrease) in cash, cash equivalents and restricted cash

​

Μύ

30

Μύ

33

​

99

​

162

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

1,008

Μύ

185

​

1,684

​

2,877

​

Cash, cash equivalents and restricted cash at end of period

​

$

1,038

Μύ

218

​

1,783

​

3,039

​